The wireless mobile machine control market size has the potential to grow by USD 1.31 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (construction, agriculture, mining, and waste management) and geography (APAC, North America, Europe, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Cervis Inc., Eaton Corporation Plc, GS Global Resources, Hartfiel Automation, Kar-Tech Inc., Laird Connectivity, Leica Geosystems AG, Lykketronic AS, MOBA Mobile Automation AG, and WIKA Mobile Control GmbH & Co. KG.
Market Overview
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Market Competitive Analysis
The market is concentrated with the presence of limited key vendors who offer wired as well as wireless solutions. Vendors are offering innovative products to expand the scope of wireless mobile machine control solutions over wired solutions and to increase the availability to more applications. Additionally, vendors also focusing on expanding their presence in APAC and Americas to cater to the high demand from the end-user industries in these regions. Cervis Inc., Eaton Corporation Plc, and GS Global Resources are some of the major market participants. Although the advent of pegless construction will offer immense growth opportunities, the limited use of mobile machine control will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this wireless mobile machine control market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this wireless mobile machine control market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Cervis Inc.
- Eaton Corporation Plc
- GS Global Resources
- Hartfiel Automation
- Kar-Tech Inc.
- Laird Connectivity
- Leica Geosystems AG
- Lykketronic AS
- MOBA Mobile Automation AG
- WIKA Mobile Control GmbH & Co. KG
Wireless Mobile Machine Control Market: Segmentation by End-user
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Influenced by the rapid rise in industrial and commercial construction projects, the construction industry is growing steadily in countries in Latin America and APAC. Additionally, there is a rise in preference towards infrastructure development in the Middle East and African countries as well. This will contribute to the growth of the wireless machine control market in this segment.
Market growth in this segment will be slower than the growth of the market in the agriculture, and waste management segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the wireless mobile machine control market size.
Wireless Mobile Machine Control Market: Segmentation by Geography
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APAC was the largest wireless mobile machine control market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing economic prosperity and high investment in the industrial and commercial sectors will significantly drive wireless mobile machine control market growth in this region over the forecast period.
42% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for wireless mobile machine controls in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Wireless Mobile Machine Control Market: Key Drivers and Trends
Benefits such as increased safety of machines and personnel will drive wireless mobile machine control market growth. The utilization of machine mobile control reduces the need for on-the-ground survey and construction crew string lining. This will consequently reduce the probability of workplace injury. Additionally, the usage of mobile machine control system also eliminates the need for manual labor to perform several activities and ensures the safety of personnel. Real-time levels are displayed inside the cab resulting in a safer construction method.
Internet of Things (IoT) is an interconnection of several mechanical or digital devices that enable data transfer from end-to-end without human intervention. IoT simplifies connectivity techniques using IPv6-based protocol addressing systems and provides better solutions to interoperability and data readability issues. Additionally, IoT also provides the flexibility of operating heavy machinery remotely and efficiently, using wireless mobile machine control. The emergence of IoT is identified to be one of the key trends that will gain traction in the wireless mobile machine control market. As a result, the market will register a CAGR of over 7% by 2024
Wireless Mobile Machine Control Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive wireless mobile machine control market growth during the next five years
- Precise estimation of the wireless mobile machine control market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the wireless mobile machine control market industry across APAC, North America, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of wireless mobile machine control market vendors
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